Annual report 2008
Binck Bank
- Consolidated Financial Statements
- Notes to the consolidated financial statements
- Notes to the consolidated balance sheet
- 8. Cash and balances with central banks 9. Banks 10. Financial assets held for trading 11. Financial assets at fair value through profit or loss
- 12. Available-for-sale financial assets 13. Loans and receivables
- 14. Held-to-maturity financial assets 15. Investments in associates
- 16. Intangible assets
- 17. Property, plant and equipment
- 18. Tax
- 19. Deferred tax
- 20. Other assets 21. Prepayments and accrued income 22. Derivative positions held on behalf of clients
- 23. Customer deposits 24. Financial liabilities at amortised cost 25. Provisions
- 26. Other liabilities 27. Accruals and deferred income
- 28. Shareholders' equity
- Notes to the consolidated income statement
- 29. Interest 30. Commission
- 31. Other income 32. Result on investments 33. Impairment losses on financial instruments 34. Employee expenses
- 35. Depreciation and amortisation 36. Other operating expenses 37. Earnings per share (euros)
- 38. Diluted earnings per share (euros) 39. Paid and proposed dividend
- 40. Related party disclosures
- 41. Liabilities not shown on the face of the balance sheet
- 42. Post-balance-sheet events 43. Segment information
- 44. Financial risks
- 45. Fair value financial instruments
- Company Financial Statements
- Notes to the company financial statements
- Notes to the company balance sheet
- C. Cash and balances with central banks d. Due from Banks e. Financial assets held for trading f. Financial assets at fair value through profit and loss
- G. Available-for-sale financial assets h. Loans and receivables i. Held-to-maturity financial assets j. Investments in subsidiaries and associates
- K. Intangible assets
- L. Property, plant and equipment
- M. Current tax assets n. Deferred tax o. Other assets
- P. Prepayments and accrued income q. Customer deposits r. Financial liabilities at amortised cost s. Provisions
- T. Other liabilities u. Accruals and deferred income
- V. Shareholders' equity w. Other information
Notes to the consolidated balance sheet
31 December 2008
31 December 2007
x € 1,000
x € 1,000
18. Tax
Tax assets
4,623
7,396
These concern corporation tax credits. In 2008, the tax in respect of
all preceding financial years was settled in accordance with the
returns submitted. The balance as at year-end 2008 relates solely to
the reporting period.
Tax liabilities
(201)
(217)
These concern corporation tax payable by subsidiaries which are
not part of the tax group.
The reconciliation of the effective tax rate with the tax rate applicable to the consolidated financial statements
is as follows:
2008
2008
2007
2007
Amount
Percentage
Amount
Percentage
Standard tax rate
10,704
25.5%
9,023
25.5%
Effect of different tax rates (in other countries)
1,792
4.3%
305
0.9%
Effect of tax loss carryforwards not previously
-
0.0%
(4,310)
(12.2)%
recognised
Effect of substantial-holding privileges
(133)
(0.3)%
(36)
(0.1)%
Use of tax facilities
(3,422)
(8.2)%
(197)
(0.6)%
Total tax expense/tax burden
8,941
21.3%
4,785
13.5%
For the tax expense on the activities not being continued on a permanent basis, see note 7.